Quote:
Originally Posted by Paul Markham
We have had tax cuts for 8 years and look how great it worked.
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Tax cuts do have a very positive effect on the economy, but not when you massively increase spending as Bush did.
Don't worry though. Once the bond market dries up, and it will soon, they will either have to print money full tilt (crashing the dollar), default (crashing the dollar) or massively increase taxes (crashing the economy even more).
The scary part of all of this... Europe is worse off than the US
